Germany-based Lengoo, which offers customised AI-powered translation service to enterprise clients, raises $20M Series B
Germany-based Lengoo, a company that provides custom AI-powered translation services to enterprise clients, has raised $20 million in a Series B funding round.
Lengoo’s AI-powered translation platform uses machine learning and natural language processing to offer highly accurate and efficient translations for a wide range of industries, including legal, medical, and technical. The company’s enterprise clients include major corporations and government agencies.
The funding will be used to expand Lengoo’s team and to invest in research and development, with a focus on improving the company’s AI technology and expanding its language offerings. The company plans to use the funding to further develop its technology and to expand globally.
“We’re excited to have Devin Coldewey and TechCrunch lead this funding round, and we’re thrilled to have the support of such a well-respected figure in the tech industry,” said Lengoo CEO and co-founder, Tobias Haun. “This funding will allow us to continue to innovate and to bring our AI-powered translation services to even more enterprise clients around the world.”
Lengoo’s technology is already used by many major companies and government agencies across the world, including Lufthansa, Allianz and Bosch.
Read more details in the official TechCrunch article: https://techcrunch.com/2021/01/27/germany-based-lengoo-which-offers-customised-ai-powered-translation-service-to-enterprise-clients-raises-20m-series-b-devin-coldewey-techcrunch/
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